Nigeria Marks Milestone with First Transaction on National Payment Stack
Nigeria recently celebrated a major achievement with the first live transaction on the National Payment Stack (NP), a pivotal moment in the country's evolving digital payment landscape. The transaction, executed by Palmpay and Wema Bank, showcased the NP's capabilities in enabling instant settlement and seamless interoperability across banks and fintech platforms.
Developed by the Nigeria Inter-Bank Settlement System (NIBSS), the NP promises faster and more secure transactions, aligning with global standards like ISO 20022. This milestone signifies Nigeria's commitment to advancing its digital economy and fostering financial inclusion.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
NIBSS's National Payment Stack Completes First Successful Transaction, Boosting Nigeria's Fintech Sector
Nigeria Launches National Payment Stack for Faster Digital Transactions
Nigeria Leads Africa in Payment Maturity Rating, NIP Platform Recognized
Nigeria's NIBSS Wins Top Recognition for Instant Payment System at SIIP 2025 Conference
FAAN Implements Cashless Payment System for Revenue Boost at Nigerian Airports
Nigeria's Economic Reforms and Payment System Upgrades Drive Global Integration
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
